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Energy & Environment
Regional waste management plans to be reviewed every 5 years
Thursday, November 15, 2007
Regional waste management plans drawn up under Phare projects will have to be reviewed every five years, at the longest, to reflect legislative changes and the latest technological trends in waste management, the Romanian Ministry of the Environment and Sustainable Development (MMDD) reports. MMDD believes Romania is fully prepared in institutional and legislative terms to implement a really European system for the management of municipal waste.The system is based on minimising waste ...
Dafora Medias hits four times higher revenues in Q3
Thursday, November 15, 2007
Oil and natural gas drilling company Dafora based in Medias (central Romania) reported a net profit worth 3.56 million lei (some 1.06 million euros) in the third quarter of the year, that is almost four times the figures reported in the same interval last year.The total net profit January through September stood at 7.75 million lei (approximately 2.3 million euros), that is by 2.3 times the level in the same interval in 2006.At the same time, the company's business reached 178.5 million lei ...
Enel to invest 1bilion euros in Galati Free Zone
Thursday, November 15, 2007
Enel SpA Italia's director of investments and development for Romania Matteo Cassani announced the company's intention to build a thermal power station in Galati Free Zone (eastern Romania) on an investment worth about 1 billion euros. According to estimates made by prospective investors, the construction of the thermal power station will last about 4 years and will start in 2009. At the meeting with the local authorities, Enel's representative Matteo Cassani told prefect of Galati county, ...
Strategic partnership between Transelectrica and Terna, Italy
Thursday, November 15, 2007
The Electric Power Carrying National Company Transelectrica and the similar company in Italy, Terna, signed a memorandum of understanding and a strategic partnership in carrying electric power and managing electric power systems, according to a release sent to the Bucharest Stock Exchange.The main aims of the agreement are the joint development of some international interconnection projects, the implementation of some joint programmes meant to grant technical assistance in South-Eastern ...
Six million euros in profit for MOL Romania
Thursday, November 15, 2007
The company MOL Romania made six million euros in profit in the first nine months of the year, its value being approximately equal to the one in 2006, informs a release issued by the above-mentioned company.According to MOL, although the number of petrol stations decreased by 13 percent annually, the average sales increased by 11 percent as against the same span of time last year. Following Petrom selling 30 stations, the profitability of the company grew whereas the sales of fuel dropped by ...
Cernavoda Unit 2 turned off again
Thursday, November 15, 2007
Unit 2 of the Cernavoda Nuclear Power Plant was turned off on Wednesday at 00:28 a.m. local time due to a false alarm triggered during a periodical test on the functioning of a reactor fast shutdown system, Nuclearelectrica announced.The Unit's reactor is currently halted and warm, with all security systems available. Given the fact that the going off of the fast shutdown system has caused the reactor's intoxication with xenon, restarting manoeuvres will be resumed in about 48 hours. The ...
Rosia Montana Gold Corp. will fight against the decision of the Cluj Tribunal regarding the annulment of urbanism certificate
Thursday, November 15, 2007
Gold Corporation will fight against the decision of the Cluj Tribunal which annulled the urbanism certificate issued by the Alba County and considers that this decision does not affect the continuation of the procedures regarding the assessment of environment impact of the project, NewsIn announces. “ The company Rosia Montana Gold Corporation considers as incorrect and speculative the statements of some non-governmental organizations, regarding the recent decision of the Cluj Tribunal to ...
Petrolexportimport, losses in Q3 due to diesel consumption reduction
Thursday, November 15, 2007
Petrolexportimport (PEI), fuel dealer presented a loss of 620,000 lei ( 185,000 euros) for Q3 2007 as compared to 360,000 lei for the same period 2006, as a result of the reduction of diesel consumption and aggressive competition, the company informed on Tuesday. Out of the Q3 loss, 137,000 lei was due to exploitation loss, while the financial activity generated a negative result of 480,000 lei, according to NewsIn. Between July-September 2007 Petrolexeportimport (PEI) had a turnover of ...
Oil Terminal shareholder to decide on Constanta-Trieste pipeline participation
Thursday, November 15, 2007
Shareholders of the Oil Terminal company are to discuss this December whether or not to participate as shareholders in the multinational company that will develop the pan-European Constanta-Trieste oil pipeline, according to a release sent to the Bucharest Stock Exchange (BVB). Constanta-based Oil Terminal and Ploiesti-based Conpet were chosen by the Economy Ministry to join the multinational consortium created for the construction of the pipeline. "The aim of the pipeline is to avoid the ...
Hungary endorses Nabucco project
Thursday, November 15, 2007
Hungary voiced entire availability for the involvement into and support of the Nabucco project, said on Wednesday PM Calin Popescu Tariceanu at the end of the third joint meeting of the Governments of Romania and Hungary. The Romanian Premier Calin Popescu Tariceanu stressed that the policy on the achievement of European transport corridors was one of the issues approached at the meeting that took place in Sibiu (central Romania), allowing for the joint interest in ensuring energy ...
Reduction of pollution quota endangers economic growth
Thursday, November 8, 2007
The European Commission's (EC) decision to reduce by 20 percent the quantity of CO2 emission permits (TEPs) for the period 2008 through 2012 can affect the authorities' forecast as regards the economic growth, following higher energy prices by approximately 10 percent.The fact that Romania is allocated a smaller quantity of CO2 emission permits, by 20.7 percent compared to the quantity Romania requested, will put pressure on the Executive, confronted with some economic pressure, mainly from ...
Atlas Gip earns profit worth 10M lei by end-Sept.
Thursday, November 8, 2007
Atlas Gip, a service supplier for oil and gas drilling operators earned net profit worth 9.88 million lei by end-Sept., twice higher than during the same period last year, reads the Company's report to Bucharest Rasdaq Stock Exchange.The Company reported 4 million lei in profit, over Jan.-Sept., 2006Atlas Gip grossed revenues worth 76.85 million lei, expenditure worth 63.83 million lei and 75.3 million lei in turnover, during the first nine months of the year. The Court of the southern ...
CEZ interested in production projects in Romania
Thursday, November 8, 2007
Martin Roman, CEO of CEZ, a major electricity exporter in Central and Southeastern Europe, told Business Standard in an exclusive interview that he might consider investing the entire budget, up to €10 billion, in developing electricity production capacities in Romania. Roman said that the company is 'interested in any project which is economic and viable', adding that 'once we see such a project in a country, we can spend our entire budget in that country, but it all depends on how ...
Five industrial polluters to be closed down
Thursday, November 8, 2007
Five highly polluting industrial installations, that are all under the incidence of European Directive on the prevention and control of industrial pollution, will be shut down after having failed to comply with the deadline set on Oct. 31, announced the Minister of Environment and Sustainable Development Korodi Attila. The Minister of Environment said that the five plants or installations belong to SC Casirom Turda, SC Romaltyn Mining Baia Mare (former TransGold), SC Agrofilip Bontida, SC ...
Romania's Rompetrol confirms NIS interest
Thursday, November 8, 2007
Rompetrol CEO Dinu Patriciu has confirmed that his company is interested in the NIS privatization."We will participate in any kind of privatization, including an offer to sell a minority share of stock and an added capitalization at a later date. We do not care about taking over most of the company.""What does matter to us is the synergy that could be established between the two systems, where we would develop a market to be supplied by two refineries, one in the east and the other in the ...
Collection campaign of electric and electronic waste
Thursday, November 8, 2007
A collection campaign for electric and electronic waste started on November 3 in 100 cities in Romania, including Bucharest. The used appliances people can dispose of were collected from people's houses and transported to recycling centers by sanitation companies. There are 186 collection centers in Romania. The organizers, Ministry of Environment and Sustainable Development in cooperation with local authorities, estimate that three kilos of waste per inhabitant are to be collected by ...
Operational profit of Rompetrol Rafinare jumps 33 pc
Thursday, November 8, 2007
Consolidated operational profit (EBITDA) of Rompetrol Rafinare Co. in the first nine months stood at 126 million dollars, a surge of 33 percent from the similar period in 2006, when it was around 95 million dollars and 48 percent of the value reported in H1 of this year - 85 million dollars, informs RompetrolGroup.'Processing since this year-start of some record quantities of raw material by Rompetrol Rafinare is the result of the expanding plan of refinery's capacity to five million ...
Strategies for privatization of energy complexes might change
Thursday, November 8, 2007
President of the State Assets Resolution Authority (AVAS) Teodor Atanasiu called on the modification of existing strategies as regards the energy complexes Rovinari, Turceni and Craiova and SALROM company, in order to comply with the EU norms, AVAS reads in a release.Teodor Atanasiu met with the vice-president of national trade union confederation Cartel Alfa, Romulus Nita, the management of the Trade Union Federation of Mines and Energy, leaders of trade unions of the energy complexes, ...
Nuclearelectrica to invest 60 million euros in tritium emissions reduction
Thursday, November 8, 2007
National company Nuclearelectrica SA announced it was going to invest some 60 million euros in the construction of a tritium emissions reduction facility, set to become operational in 2011, which will reduce four-fold the radioactive emissions of tritium, a Hydrogen isotope present in the water and water vapors eliminated into the Danube and in the atmosphere by CANDU type reactors of Cernavoda Nuclear Power Station (south-east).On the other hand, approximately two weeks ago, Greenpeace ...
Cernavoda Unit 2 restarted
Thursday, November 8, 2007
Unit 2 of the Cernavoda nuclear power plant was restarted after the planned operation halt for the final revision, in conformity with the plant's operation procedures, the National Company 'Nuclearelectrica' SA informs. On November 1, 2007 Unit 2 reached rated power and is now being run in commercial exploitation.Unit 2 was halted on October 19, 2007, at the end of commissioning tests and after it was operated at rated parameters for four weeks.Reactor 2, the construction of which kicked off ...